The marked price of an article is 30% higher than the cost price. If…

Question

The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain percent will be = ?

Accepted Answer

Option A. 17%. Answer & Solution Answer: Option A Solution: $$ gathered CP \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, SP \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, MP \ 100\,\, [ Profit]\,\,117\,\, [ - 20\% ]\,\,\,\,130 \ gathered $$ & Now profit \% & = 117 - 100100 × 100 & = 17\%